According to GlobalData, Mexico is the world’s eighth-largest producer of gold in 2023, with output up by 4% on 2022. Over the five years to 2022, production from Mexico increased by a CAGR of 1% and is expected to drop by a CAGR of 4.17% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Gold Mining to 2030 report. Buy the report here.
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Mexico accounts for 4% of global production, with the largest producers being China, Russia, Australia and Canada.
Leading producers of gold in Mexico are Industrias Penoles, Argonaut Gold, First Majestic Silver, Agnico-Eagle Mines, Coeur Mining and Pan American Silver. During 2020-2021, Industrias Penoles's output was down by 13%, Argonaut Gold's output decreased by 14%, while output from First Majestic Silver increased by 42%.
For more detailed analysis of global gold mining, buy the report here.
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